MARKETS
Lehman bankruptcy swamps week's first trading day
Bloomberg Sep 15, 08 3:26 PM CDT
(Newser)
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After a midday lull, stocks plummeted again late today as traders adjusted to the failure of Lehman Brothers and the acquisition of Merrill Lynch by Bank of America, Bloomberg reports. Lehman’s stock alone was down 94.9%. The Dow fell 504.48 to 10,917.51. The S&P 500 lost 59.01, its biggest drop since the 2001 terror attacks, closing at 1,192.69; the Nasdaq fell 81.36 to 2,179.91.
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MARKETS
Lehman's floundering continues to stir fear in financial sector
MarketWatch Sep 12, 08 3:28 PM CDT
(Newser)
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The markets ended mixed today, as Lehman Brothers foundered and financial firms continued to take hits, MarketWatch reports. Weekly gains were slim, despite Sunday’s Fannie and Freddie bailout, which was supposed to calm investor fears and boost the markets. The Dow closed down 11.72 at 11,421.99. The Nasdaq rose 3.05 to 2,261.27, while the S&P 500 gained 2.64, closing at 1,251.69.
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MARKETS
Off big early on Lehman, worries, Dow finishes session up 164.79
Wall Street Journal Sep 11, 08 3:39 PM CDT
(Newser)
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The markets saw gains late in the day today despite large losses in the financial sector, MarketWatch reports. Lehman Brothers fell another 41.9% as traders deemed its survival plan ineffective. But falling oil boosted industrial and transport shares, and the Dow closed up 164.79 at 11,43371. The Nasdaq gained 29.52, to 2,258.22, and the S&P 500 rose 17.01 to 1,249.05.
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MARKETS
MarketWatch Sep 10, 08 3:42 PM CDT
(Newser)
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Stocks rebounded from yesterday's miserable day to close with mild gains, MarketWatch reports. Energy and industrial firms did well after yesterday's huge sell-off, but concerns about Lehman Brothers continued to weigh on the financial sector. The Dow closed up 38.19 points at 11,268.92, the Nasdaq rose 18.89 to 2,228.70, and the S&P 500 gained 7.53 to 1,232.04.
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MARKETS
Lehman Bros., housing weigh on investor sentiment
MarketWatch Sep 9, 08 3:16 PM CDT
(Newser)
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After a strong rally yesterday following news of the Fannie/Freddie bailout, stocks gave most of the gain back today as the failure of talks between Lehman Brothers and Korea’s state bank sent shares in the investment giant down 44.1%, MarketWatch reports. The Dow fell 280.01 to close at 11,230.73. The Nasdaq lost 59.95 to 2,209.81, while the S&P 500 closed down 43.28 at 1,224.51.
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MARKETS
Persistent worries about the non-financial economy temper gains
MarketWatch Sep 8, 08 3:38 PM CDT
(Newser)
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US stocks rallied as traders bet the bailout of Fannie Mae and Freddie Mac would help the economy recover, but lost some of those gains—with the Nasdaq even flirting with losses—as the day wore on, MarketWatch reports. Nonetheless, the Dow gained 289.78, closing at 11,510.74. The Nasdaq closed up 13.88, at 2,269.76, while the S&P 500 rose 25.48 to finish at 1,267.79.
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MARKETS
Sliding oil again fails to move markets worried over unemployment
MarketWatch Sep 5, 08 3:26 PM CDT
(Newser)
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Stocks finished the week with a mixed session today, managing to mostly recover from an early sell-off in reaction to a 5-year high in monthly unemployment, MarketWatch reports. The Dow rose 32.73 to close at 11,220.96. The Nasdaq fell 3.16 to 2,255.88, while the S&P 500 rose 5.48, settling at 1,242.31.
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MARKETS
Dow off 344 as investors grow more worried about economy's health
MarketWatch Sep 4, 08 3:34 PM CDT
(Newser)
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The markets plummeted today amid poor jobs data and mixed retail sales, MarketWatch reports. Falling oil futures again failed to stimulate stocks as energy increasingly looks like a victim, not a perpetrator, of the economic slump. The Dow fell 344.65 to close at 11,188.23. The Nasdaq lost 74.69, closing at 2,259.04, and the S&P 500 shed 42.15, settling at 1,232.83.
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MARKETS
Falling oil prices have lost their ability to spur gains in equities
Wall Street Journal Sep 3, 08 3:36 PM CDT
(Newser)
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The markets saw mixed gains today as investors weighed falling oil, mildly positive manufacturing news and another big drop in domestic auto sales, the Wall Street Journal reports. The Dow closed up 15.96 at 11,532.88. The Nasdaq added 15.51 to close at 2,333.73, and the S&P 500 fell 2.59 to 1,274.98.
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MARKETS
Traders becoming more focused on economic strength than fuel
Wall Street Journal Sep 2, 08 3:13 PM CDT
(Newser)
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An early rally faded today and the markets closed with mild losses, the Wall Street Journal reports. Oil fell $5.75 as Gulf Coast oil-production facilities appeared to have emerged mostly unscathed from Hurricane Gustav, but the news failed to give equities lasting momentum. The Dow closed down 26.63, at 11,516.92. The Nasdaq fell 18.28, to 2,349.24, while the S&P 500 lost 5.27 to settle at 1,277.56.
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MARKETS
3-day streak of gains broken on weak computer profits, lower income figures
MarketWatch Aug 29, 08 3:24 PM CDT
(Newser)
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Stocks lost value today on disappointing second-quarter earnings from computer maker Dell and news of declining personal incomes, MarketWatch reports. Trading remained light ahead of the Labor Day weekend as the Dow lost 171.22 to close at 11,543.96. The Nasdaq dropped 44.12, to 2,367.52, while the S&P 500 fell 17.85 to settle at 1,282.83.
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MARKETS
MBIA's jump leads insurers higher, and lower energy prices power big gains
MarketWatch Aug 28, 08 3:15 PM CDT
(Newser)
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Stocks rallied today as MBIA led gains for bond insurers and the news of an upward revision to the second-quarter US gross domestic product brightened investor sentiment, MarketWatch reports. The Dow rose 212.67 to close at 11,715.18. The Nasdaq gained 29.18, closing at 2,411.64, and the S&P 500 climbed 19.01 to settle at 1,300.67.
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